Listing Agency: AGW Partners Show Phone

Listed By: Nathan Wilson · License #NY

Source: Crexi

Added: Jul 11, 2023 Changed: Jul 6 Last Checked: Jul 31 at 3:13PM

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Investment Insights

Based on property information with market context.

This newly renovated retail space is located on Brighton Beach Avenue, offering high visibility and significant foot traffic. The location benefits from over 14,000 vehicles passing by daily. It is situated in close proximity to both local and national retailers, including Dunkin', Chase Bank, Ocean View Cafe, Tatiana, German Doner Kebab, Carvel, and Starbucks. The property also benefits from excellent tourism exposure, with Brighton Beach and Coney Island within a short walking distance.

Key Highlights

• Prime location on Brighton Beach Avenue.
• High visibility and foot traffic.
• Newly renovated retail space.

Property Analytics

Property Profile

Current Use

Extra Fancy Fruit Food Market German Doner Kebab Restaurant Candy @grocery stour Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Electrical Service Garden Center HVAC Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,692

Businesses Nearby

123k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 25% Groceries 15% Electronics 9%

McDonald's Dining

37,003 visits/mo 0.5 miles

Starbucks Dining

18,545 visits/mo 0.3 miles

Key Food Groceries

18,221 visits/mo 0.4 miles

Chase Bank Shops & Services

15,188 visits/mo 0.4 miles

Webster Bank Shops & Services

8,367 visits/mo 0.3 miles

Demographics for 11235, NY

88,482

Population

37,188

Households

2.4

Avg Household Size

44

Median Age

50%

College-Educated

90%

High-School Grad

2.5 sq mi

ZIP Area

35,393

Density / Sq Mi

$61,689

Median Household Income

$48,898

Median Earnings

$1,649

Median Rent

$723,900

Median Home Value

Market

Lease Benchmarks for Brooklyn, NY

$56.49 /SF/Yr

Avg Asking Price

$8.63–$200 /SF/Yr

Price Range

1,529 SF

Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Renovated retail space in high-traffic Brighton Beach location.

Where is this retail space located?

The property is located at 224 Brighton Beach Ave Brooklyn, NY.

What are key features of this property?

This property features: Prime location on Brighton Beach Avenue.; High visibility and foot traffic.; Newly renovated retail space.